By Shane Lasley
Metal Tech News
USA Rare Earth strategy gets $50M boost
Texas REEs to begin feeding into mine-to-magnet supply chain Metal Tech News – May 20, 2021
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Last updated 7/10/2022 at 3:19pm
Peggy Greb, U.S. Department of Agriculture
USA Rare Earth now has the funds to refine the economic and design parameters of a mine at Round Top, finish testing a pilot rare earths separation plant in Colorado and build a demonstration plant to produce individual REEs in Texas.
With the recent completion of a $50 million financing, USA Rare Earth LLC has the funds to take major strides toward executing its rare earths mine-to-magnet strategy in the United States.
At the front end of this strategy lies the Round Top heavy rare earths and critical minerals project in Texas, which USA Rare Earth recently exercised its option to acquire an 80% joint venture interest in fr...
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